INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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ABIA STATE GOVT ARRAIGNS 3 CIVIL SERVANTS FOR ALLEGED PENSION FRAUD. (PHOTO).

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 Abia State Govt arraigns 3 civil servants for alleged pension fraud


The Abia State Government has arraigned three persons in court in connection with the alleged stealing of pension funds in the state.


The suspects who were arraigned in Federal High Court Umuahia were Onyekachi Success Nwabueze, Miriam Azubuike and Victor Chisom Samuel.


In the case marked FHC/UM/CR/199/24 between Abia State government and Onyekachi Success Nwabueze, Miriam Azubuike, Victor Chisom Samuel and others, the six-count charge said that the matter was brought pursuant to Section 8 of the Advance Fee Fraud and Other Fraud-Related Offences Act 2005 CAP M17 Laws of the Federation of Nigeria 2004; Section 100 of the Pension Reform Act 2014; and sections 6 & 12 of the Cybercrimes (Prohibition, Prevention, etc.) Act 2015, as amended in 2024.


The charge sheet dated October 11, 2024, was signed by C. N. Iheji, Senior State Counsel for the Attorney General of Abia State.


According to the charge, the three arraigned persons and others now at large, between January and October 2024, allegedly conspired to defraud the state government of pension funds meant for real pensioners.


The charge also alleged that the suspects were involved in pension fraud worth over 50 million naira, even as the state government listed some names and bank account numbers where the allegedly stolen money was syndicated.


However, some members of the opposition in the state are insisting that anyone arrested for the alleged pension fraud should be assumed innocent until proven guilty by the court.

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